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    Property profile & analytics
    OFF-MARKET
    Strip malls

    735 Dodecanese Blvd, Tarpon Springs, FL 34689-3109

    1,200 SF 1.6 ac lot Built 1983
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US18-4612946
    Property summary
    AI-generated overview

    This 550-square-foot retail space is situated within The Sponge Exchange, a landmark retail plaza in Tarpon Springs' renowned Sponge Docks. Its prime location on Dodecanese Boulevard ensures high foot traffic, capitalizing on the area's bustling tourist activity and established local clientele. The Sponge Exchange itself is the largest retail plaza in the Sponge Docks, boasting a diverse tenant mix and a recently updated, tastefully modernized aesthetic. This single-tenant space presents a unique opportunity to establish a business in a Class A location, benefiting from the high visibility and established reputation of this iconic destination. The property's strategic placement within the Sponge Docks guarantees significant exposure to both local residents and the substantial tourist traffic that characterizes this vibrant area. The modern updates throughout the plaza enhance the overall shopping experience, creating an attractive environment for businesses and customers alike. This retail space offers a compelling opportunity for businesses seeking a high-traffic, high-visibility location within a well-established and attractive retail environment.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1983
    Construction CONCRETE BLOCKS
    Total area 1,200 SF
    Lot 1.6 ac (69,862 SF)
    APN 12-27-15-98227-001-0030
    UPID US18-4612946
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mama's Greek Cuisine Restaurant
    • Life Is Good Clothing Store
    • CottonSeed USA Beach Clothing Store
    • Three Coconuts Clothing Store
    • Tarpon Sponge Company (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    N & Y Properties LLC · 4 yrs held
    N & Y Properties LLC
    since 2021
    Last sale
    $7.5M
    1 recorded transaction
    2021
    $7.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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